The counter has formed an ascending channel formation.
It is at its supportive trendline and formed a bullish cypher pattern as well.
Also, the RSI indicator is lurking below the oversold zone.
Hence, we expect the pair to take support and move to the resistive trendline.
It is at its supportive trendline and formed a bullish cypher pattern as well.
Also, the RSI indicator is lurking below the oversold zone.
Hence, we expect the pair to take support and move to the resistive trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.